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MA_775_DIABLO [31]
3 years ago
11

At what simple interest rate would you invest $1,400 to earn $420 after 6 years?

History
1 answer:
Ugo [173]3 years ago
7 0

Answer:

5%

Explanation:

I = P × R × T

420 = 1400 × R/100 × 6

R = 420 / 84 = 5%

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In his autobiography, Olaudah Equiano writes that he was born in the Eboe province, in the area that is now southern Nigeria. He describes how he was kidnapped with his sister at around the age of 11, sold by local slave traders and shipped across the Atlantic to Barbados and then Virginia. 

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In 1792, Equiano married an Englishwoman, Susanna Cullen, and they had two daughters. Equiano died on 31 March 1797.</span><span>
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